import/export

Business

Spain Reacts to U.S. Tariff on Olive Oil

The announcement of the U.S. tariffs comes as protestors head to Madrid to demand action on low olive oil prices. Government officials fear Andalusia, one of Spain's poorest regions, will be hit the hardest by the tariffs.

Spanish Olive Oil on Final List of Retaliatory Tariffs on E.U. Goods

Along with some Spanish olive oils, certain types of table olives from both France and Spain will also face a 25-percent tariff on U.S. imports. Olive oils from Italy, Portugal and Greece will be unaffected.

U.S. Can Impose $7.5 Billion of Tariffs on European Goods, WTO Says

Officials in the United States have yet to decide which goods will be subject to the tariffs. Olive oil and table olives were both included in preliminary lists.

MPs in Austria Reject EU-Mercosur Free Trade Deal

Citing environmental concerns, no major political parties in the Austrian parliament supported passing the deal. Many want the government to veto it all together, while one wants to renegotiate.
Special Report

Spanish Olive Oil Exports to U.S. Surge Ahead of WTO Decision

The WTO has reportedly decided whether it will approve tariffs on European goods headed to the U.S. and is set to make an announcement soon. Until then, importers are accelerating purchasing schedules in order stock up on Spanish oils.

Spanish Black Olive Exports to U.S. Halved Since Tariffs Imposed

Since tariffs were imposed in August 2018, Spanish olive producers and exporters have lost more than $50 million.
Olive Oil Times Special

U.S. Lawmakers Warn Against Trump Tariffs on E.U. Olive Oil

A bipartisan group of U.S. lawmakers has come together to warn that tariffs on European Union olive oil imports will lead to higher prices and could cause olive oil shortages.

Amazon Wildfires Threaten the EU – Mercosur Trade Deal

Fearing environmental destruction in the Amazonia due to the thousands of fires, European countries are asking for guarantees from Brazil that the fires will be dealt with before concluding the pact.